2012-03-01T10:45:44-06:00 2011-06-30 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2010-07-01 610444780 SPALDING UNIVERSITY INC SPAL 5025859911 845 South Third Street Louisville KY 402032188 TORI MURDEN MCCLURE 2012-01-11 true 5023263996 2010 2016-02-24 21:20:13Z TORI MURDEN MCCLURE 845 South Third Street Louisville KY 402032188 33729168 false X WWW.SPALDING.EDU X 1984 KY SPALDING UNIVERSITY IS A CO-EDUCATIONAL, INDEPENDENT INSTITUTION FULLY ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS AS A DOCTORAL LEVEL INSTITUTION. WITH 2,346 STUDENTS, THE UNIVERSITY OFFERS PROGRAMS IN NURSING, OCCUPATIONAL THERAPY, SOCIAL WORK, PSYCHOLOGY, CREATIVE WRITING AND EDUCATION AND OTHERS. 23 23 873 200 0 0 1564786 1175301 24979256 31807265 22859 -48785 460519 405008 27027420 33338789 2229590 2926124 0 0 15232284 16634505 0 0 285195 9679640 9222032 27141514 28782661 -114094 4556128 29379167 45092899 18472819 18077988 10906348 27014911 SPALDING UNIVERSITY IS A DIVERSE COMMUNITY OF LEARNERS DEDICATED TO MEETING THE NEEDS OF THE TIMES IN THE TRADITION OF THE SISTERS OF CHARITY OF NAZARETH THROUGH QUALITY UNDERGRADUATE AND GRADUATE LIBERAL AND PROFESSIONAL STUDIES, GROUNDED IN SPIRITUAL VALUES, WITH EMPHASIS ON SERVICE AND THE PROMOTION OF PEACE AND JUSTICE. false 23516730 2926124 31959373 INSTRUCTION FOR STUDENTS: AS A DOCTORAL LEVEL INSTITUTION WITH 2,346 STUDENTS, THE UNIVERSITY OFFERS DEGREE PROGRAMS IN HUMANITIES, SOCIAL SCIENCE, HEALTH AND NATURAL SCIENCE, EDUCATION, BUSINESS AND COMMUNICATION. THESE INCLUDE PSYCHOLOGY, CREATIVE WRITING, NURSING, OCCUPATIONAL THERAPY, SOCIAL WORK AND ADVANCED TEACHER EDUCATION, AMONG OTHERS. ACADEMIC SUPPORT: ORGANIZED ACTIVITIES RELATED TO EDUCATIONAL DEPARTMENTS AIM TO BOLSTER THE ACADEMIC SUCCESS OF STUDENTS BY MEETING THEIR INDIVIDUAL NEEDS. THESE INCLUDE THE LIBRARY, RESEARCH, AND THE ACADEMIC RESOURCE CENTER (TUTORING AND ADVISING PROGRAMS, THE UNIVERSITY MATH LAB AND THE UNIVERSITY WRITING CENTER, AS WELL AS PROGRAMS FOR AS ENGLISH-LANGUAGE LEARNERS (ELL) AND FIRST-GENERATION COLLEGE STUDENTS). STUDENT SERVICES: A COMPREHENSIVE SUPPORT SYSTEM FOR STUDENTS FROM INITIAL INQUIRY TO GRADUATION. THESE INCLUDE THE OFFICES OF ADMISSION, FINANCIAL AID, REGISTRAR, BURSAR, CAMPUS DEVELOPMENT AND STUDENT LIFE (INCLUDING THE STUDENT GOVERNMENT ASSOCIATION AND STUDENT-RUN CLUBS), ATHLETICS AND ON-CAMPUS EXTRACURRICULAR AND CULTURAL EVENTS. 23516730 true true false false false false true false true true false false false true true false true true false false false false false true true false true true true true false false false false false false true false true false false true false false false true true true false false true 2659 0 true 873 true false false false false false false false false false false X 23 23 false false true false false false false true true false false true true true true true true true true false KY X Mark Hohmann 5025859911 845 South Third Street Louisville KY 402032188 BEVERLY KEEPERS 40 X 113609 0 9890 DIANE TOBIN 40 X 108692 0 17196 MICHAEL D ERNST 0 X 150030 0 27292 LEWIS RANDY STRICKLAND 40 X 197966 0 22110 TORI M MCCLURE 40 X 188861 0 29108 BILL WEYLAND 1 X X 0 0 0 NANCY L WARFIELD 1 X 0 0 0 PERRY E SANGALLI ED D 1 X 0 0 0 BETH NIBLOCK 1 X X 0 0 0 JANET GEURIN MULLER 1 X 0 0 0 JON A MEYER 1 X 0 0 0 ANDREW G BESHEAR 1 X 0 0 0 CHARLES A BENNETT ED D 1 X 0 0 0 JENNIFER CLEMENTS STERN 1 X 0 0 0 DAVID FANNIN 1 X 0 0 0 MARY WOLFORD 1 X 0 0 0 PAUL RATTERMAN 1 X X 0 0 0 DANA JACKSON 1 X 0 0 0 DAVID KAREM 1 X 0 0 0 M SERRA GOETHALS SCN 1 X 0 0 0 HELEN DONALDSON 1 X 0 0 0 CORDELL LAWRENCE 1 X 0 0 0 ROSE HOWARD SCN 1 X 0 0 0 CARL M THOMAS 1 X 0 0 0 BRIAN B REYNOLDS 1 X X 0 0 0 JO ANN ROONEY 0 X 147601 0 14321 JEFF BRINGARDNER 1 X 0 0 0 CHRISTE COE 1 X 0 0 0 NEAL RICHMOND MD 1 X 0 0 0 MARK P HOHMANN 40 X 0 0 0 RICK HUDSON 40 X 99389 0 24159 JOHN JAMES PHD 40 X 103520 0 54751 MICHELLE REISS 40 X 108332 0 11444 LAURA STRICKLAND 40 X 110472 0 15715 1328472 0 225986 10 true true false JONES LANG & LASALLE PO BOX 2847 LOUISVILLE KY 40201 MAINTENANCE AND CUSTODIAL 652115 SECURITAS SECURITY SERVICES PO BOX 403412 ATLANTA GA 303843412 SECURITY SERVICES 284905 BROWN HOTEL 335 WEST BROADWAY LOUISVILLE KY 40202 HOTEL ROOMS AND CATERING 248131 DATATEL 4375 FAIR LAKES COURT FAIRFAX VA 22033 COMPUTER SERVICES 231809 PEAK 10 PO BOX 534326 ATLANTA GA 30353 IT SERVICES 163941 6 1175301 5000 1175301 TUITION AND FEES 611600 30742946 30742946 ENTECH PROGRAM 611600 249213 249213 MASTER OF FINE ARTS PROGRAM 611600 134107 134107 RESIDENCE HALL 611600 315686 315686 SPONSORED PROGRAMS 611600 225087 225087 140226 140226 0 0 31807265 14635 14635 0 0 0 0 0 255000 318420 0 -63420 -63420 -63420 92165 66389 25776 25776 24800 5570 19230 19230 0 FOOD SERVICE 611600 178918 178918 FEES 611600 83536 83536 PARKING 611600 28976 28976 68572 68572 0 0 360002 33338789 31959373 0 204115 46504 46504 2879620 2879620 0 0 1389150 769462 619688 125364 125364 12114514 10463037 1460961 190516 610039 499049 95667 15323 1427455 804614 606061 16780 967983 817965 135270 14748 0 29803 29803 156225 156225 0 0 0 758567 532904 218962 6701 416343 416343 2356816 1817731 524118 14967 272375 15182 257193 0 1338455 1307721 25944 4790 332994 297368 22252 13374 0 0 76775 76775 0 1113286 1086389 22705 4192 89855 24519 65336 MASTER OF FINE ARTS PROGRAM 478171 478171 MINOR EQUIPMENT 439730 423276 16315 139 BAD DEBT 234923 234923 PROFESSIONAL DEVELOPMENT 187902 134270 51088 2544 BOOKS AND PERIODICALS 138912 138912 800900 619749 180030 1121 28782661 23516730 4980736 285195 0 5864815 6655311 152612 780208 364459 1341994 1836860 500680 36690898 17341179 19537845 19349719 14740382 0 0 1854305 1492876 29379167 45092899 1187050 1124941 941608 1468641 12860000 12190000 3484161 3294406 18472819 18077988 X 10581987 16497046 63567 2886534 260794 7631331 10906348 27014911 29379167 45092899 X 4556128 11552435 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 5000 36705 X false 0 11517346 11517346 0 0 0 0.09400 0.90600 0.00000 false false 2083345 2083345 21931563 7257842 14673721 0 11999028 9575403 2423625 676962 507934 169028 19349719 0 ACCRUED FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 1298259 CAPITAL LEASES 55301 REFUNDABLE GOVERNMENT LOANS 1392066 OTHER LONG TERM LIABILITIES 548780 3294406 33338789 28782661 4556128 243872 243872 4800000 30548044 135379 135379 30412665 2926124 2926124 33338789 25785462 135379 135379 25650083 3132578 3132578 28782661 Collections of art - description of collections Schedule D, Part III, Line 4 THE COLLECTION FURTHERS STUDENT EXPERIENCE AND LEARNING BY EXPOSING UNDERGRADUATE AND GRADUATE STUDENT TO VARIOUS WORKS OF ART. Intended uses of endowment funds Schedule D, Part V, Line 4 THE PURPOSE OF THE UNIVERSITY'S ENDOWMENT IS TO PROVIDE FUNDING FOR THE SCHOLARSHIP PROGRAMS AND OTHER RESTRICTED PURPOSES WITH THE GOAL OF SUPPORTING THE MISSION OF SPALDING UNIVERSITY. FOR THE QUASI ENDOWMENT IT IS TO PROVIDE A SAFETY NET FOR THE UNIVERSITY. THE SPALDING UNIVERSITY FOUNDATION WAS DISSOLVED JUNE 8, 2011. THIS BALANCE REPRESENTS THE VALUE OF THE ENDOWMENT AND AMOUNT TRANSFERRED AS OF FISCAL YEAR END. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE UNIVERSITY AND THE FOUNDATION ARE NOT-FOR-PROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GENERALLY ACCEPTED ACCOUNTING STANDARDS PRESCRIBE RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS OR LIABILITIES WILL BE RECOGNIZED ONLY IF THE TAX POSITION WOULD "MORE-LIKELY-THAN-NOT" BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT OR LIABILITY THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT OR LIABILITY WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT JUNE 30, 2011 AND 2010 AND DOES NOT EXPECT THIS TO CHANGE IN THE NEXT 12 MONTHS. THE UNIVERSITY AND FOUNDATION WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. NEITHER THE UNIVERSITY NOR THE FOUNDATION HAS AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2011 AND 2010. THE UNIVERSITY AND FOUNDATION ARE NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR THE YEARS BEFORE JUNE 30, 2008. Other changes in net assets Schedule D, Part XI, Line 8 CHANGE IN VALUE OF SWAP AGREEMENT - 206452; CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - 37420; Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d FUNDRAISING EVENT EXPENSES - 66389; GAMING EXPENSES - 5570; LOSS ON SALE OF FIXED ASSETS - 63420; Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b FINANCIAL AID - 2879620; FOUNDATION GIFT - 46504; Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d FUNDRAISING EVENT EXPENSES - 66389; GAMING EXPENSES - 5570; LOSS ON SALE OF FIXED ASSETS - 63420; Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b FINANCIAL AID - 2879620; CHANGE IN VALUE OF SWAP - 206454; FOUNDATION GIFT - 46504; true true true true true true true false false false false false false false false true false true Financial aid or assistance from a governmental agency Schedule E, Line 6a THE UNIVERSITY RECEIVES FEDERAL STUDENT FINANCIAL AID ASSISTANCE FROM THE DEPARTMENT OF EDUCATION AND DHHS. BRACKETOLOGY 92165 92165 2633 16200 20428 27128 0 0 92165 0 92165 0 2633 16200 20428 0 27128 66389 25776 false false 24800 5570 true 0.89 24800 0 5570 0 0 5570 19230 KY true false false false 0 1 SPALDING UNIVERSITY LISA BASH-DEFRIES 845 SOUTH 3RD STREET LOUISVILLE KY 40202 false ROGER BURKMAN 702 ESTIMATED TIME 20 HOURS PER YEAR. COORDINATION OF RAFFLE, INCLUDING ARRANGING FOR VOLUNTEER SALESPEOPLE OF RAFFLE AND COMPLIANCE WITH FEDERAL AND STATE GAMING REQUIREMENTS. X false 0 true THE SPALDING UNIVERSITY FOUNDATION INC 845 SOUTH THIRD STREET LOUISVILLE KY 40203 262561788 501(C)(3) 46504 FINANCIAL SUPPORT 1 0 SFA NEED BASED 367 1349963 0 SFA MERIT BASED 131 286478 SFA 55,000 DEGREES 164 212763 GRADUATE ASSISTANT/SCHOLARSHIPS 186 419871 ENDOWED/RESTRICTED AID 176 245962 OTHER 141 364583 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 ALL ASSISTANCE THAT IS PROVIDED THROUGH THE UNIVERSITY TO STUDENTS IS DESIGNATED FOR TUITION, FEES, BOOKS, AND OTHER DIRECT EDUCATIONAL COSTS. THE FINANCIAL AID OFFICE AND BUSINESS OFFICE OF THE UNIVERSITY MONITORS AND CONTROLS DISBURSEMENT OF ALL ASSISTANCE. X X X true false false false false false false false false MICHAEL D ERNST 57814 0 0 0 92216 0 11513 0 15779 0 177322 0 0 0 LEWIS RANDY STRICKLAND 196694 0 0 0 1272 0 14325 0 7785 0 220076 0 0 0 TORI M MCCLURE 188300 0 0 0 561 0 14625 0 14483 0 217969 0 0 0 JO ANN ROONEY 147425 0 0 0 176 0 10753 0 3568 0 161922 0 0 0 JOHN JAMES PHD 103520 0 0 0 0 0 7950 0 46801 0 158271 0 0 0 Severance or change-of-control payment Schedule J, Part I, Line 4a MIKE ERNST - FORMER CFO, VP OF FINANCE $92,092 LOUISVILLE JEFFERSON COUNTY METRO GOVERNMENT 320049006 2010-06-30 12860000 REISSUANCE OF 2008 BONDS false false false 670000 0 12860000 0 0 0 0 0 0 0 0 0 2008 true false true true false false false false false 0.0000 0.0000 0.0000 false false true false false false true YEAR OF SUBSTANTIAL COMPLETION SCHEDULE K, PART II, LINE 13 THE BOND WAS A REISSUANCE OF A 2008 BOND AND THE PROJECT THE ORIGINAL BOND WAS USED FOR WAS COMPLETED IN 2008. NA 2400 DR LAURA STRICKLAND SPOUSE OF OFFICER DR. L. RANDY STRICKLAND 110472 COMPENSATION false X 1 5000 OPINIONS OF EXPERTS 0 false true false Significant changes to organizational documents Form 990, Part VI, Section A, Line 4 THE FOLLOWING COMMITTEE WAS ADDED TO THE BYLAWS: AUDIT COMMITTEE - THE DUTIES OF THIS COMMITTEE ARE: (I) TO REVIEW THE PROPOSED AUDIT SCOPE AND APPROACH, INCLUDING THE USE OF INTERNAL STAFF AND RECOMMEND TO THE BOARD A FIRM OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS TO AUDIT THE FINANCIAL STATEMENTS OF THE UNIVERSITY; (II) TO APPROVE THE ANNUAL AUDIT FEE; (III) TO CONDUCT OR AUTHORIZE INVESTIGATIONS INTO ANY MATTERS WITHIN ITS SCOPE OF RESPONSIBILITIES; (IV) TO REVIEW WITH MANAGEMENT AND EXTERNAL AUDITORS ALL MATTERS REQUIRED BY THEIR PROFESSIONAL STANDARDS TO BE COMMUNICATED TO THE COMMITTEE, INCLUDING WHETHER THE FINANCIAL STATEMENTS REFLECT APPROPRIATE ACCOUNTING PRINCIPLES; (V) TO REVIEW IRS FORM 990; (VI) TO REVIEW AND CONFIRM THE EXTERNAL AUDITORS' ASSERTION OF THEIR INDEPENDENCE IN ACCORDANCE WITH PROFESSIONAL STANDARDS; (VII) TO MEET PRIVATELY WITH EXTERNAL AUDITORS AS APPROPRIATE; (VIII) TO REVIEW AND EVALUATE ORGANIZATIONAL PROCESSES FOR IDENTIFYING, MANAGING AND MITIGATING FINANCIAL RISK (INCLUDING REPORTS ON INSURANCE); AND (IX) TO RECEIVE UPDATES ON LITIGATION. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b IT IS SPALDING UNIVERSITY'S POLICY THAT THE AUDIT COMMITTEE WILL BE RESPONSIBLE FOR THE INTERNAL REVIEW OF THE INTERNAL REVENUE SERVICE FORM 990 THAT IS TO BE FILED ON BEHALF OF SPALDING UNIVERSITY AND THE SPALDING UNIVERSITY FOUNDATION. UPON APPROVAL OF THE AUDIT COMMITTEE, THE FORM 990 SHALL BE PRESENTED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW. AFTER DISTRIBUTION TO THE FULL BOARD OF TRUSTEES, THE AUDIT COMMITTEE CHAIR WILL APPROVE THE FILING OF THE FORM 990 WITH THE IRS. THE BOARD OF TRUSTEES IS RELYING ON THE UNIVERSITY'S STAFF, THE AUDIT COMMITTEE AND INDEPENDENT ACCOUNTANTS TO COMPLETE AND EXAMINE THE FORM 990. A BOARD RESOLUTION IS NOT REQUIRED IN ORDER FOR THE FORM 990 TO BE FILED. Conflict of interest policy Form 990, Part VI, Section B, Line 12c INDIVIDUALS ARE ASKED TO RE-AFFIRM THE POLICY EACH YEAR. THE POLICY IS REVIEWED AND NEW BOARD MEMBERS SIGN FORMS WHEN THEY JOIN THE BOARD. THE RESPONSIBILITY OF AVOIDING AND MANAGING CONFLICTS OF INTEREST BEGINS WITH THE BOARD OF TRUSTEES AND INCLUDES ALL COVERED PERSONS. DISCLOSURE IS REQUIRED OF RELATIONSHIPS AND BUSINESS AFFILIATIONS THAT REASONABLY COULD GIVE RISE TO CONFLICTS OF INTEREST INVOLVING THE UNIVERSITY. THE DISCLOSURE FORM SHALL BE FURNISHED ANNUALLY TO REPORT AND KEEP CURRENT POTENTIAL CONFLICT AREAS. WHENEVER CHANGES OCCUR, DISCLOSURES ARE TO BE UPDATED IN WRITING AS SOON AS POSSIBLE. WHENEVER POSSIBLE, COVERED PERSONS SHOULD DISCLOSE EXPECTED CHANGES OR NEWLY ANTICIPATED CONFLICTS AT LEAST THIRTY (30) DAYS BEFORE THEY OCCUR. THE DISCLOSURES SHALL BE REVIEWED BY THE REVIEWER, A SUBCOMMITTEE OF THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES OR ITS DESIGNATE, AND AN INITIAL DETERMINATION ON WHETHER A CONFLICT EXISTS WILL BE MADE AFTER A REVIEW OF ALL THE MATERIAL FACTS. IF THE REVIEWER DETERMINES THAT NO CONFLICT EXISTS, THAT DETERMINATION WILL BE MADE IN WRITING AND PRESENTED TO THE FULL GOVERNANCE COMMITTEE AT ITS NEXT REGULARLY SCHEDULED MEETING FOR FINAL REVIEW AND DETERMINATION. IF THE REVIEWER DETERMINES THERE IS A CONFLICT, THE REVIEWER SHALL INFORM THE COVERED PERSON AND INDICATE THAT THE MATTER IS BEING REFERRED TO THE GOVERNANCE COMMITTEE WHOSE DECISION SHALL BE FINAL UNLESS THE MATTER IS FURTHER REFERRED TO THE FULL BOARD OF TRUSTEES, IN WHICH EVENT THE BOARD'S DECISION SHALL BE FINAL. THE GOVERNANCE COMMITTEE OR BOARD OF TRUSTEES (AS APPLICABLE) MAY AUTHORIZE OR APPROVE THE CONFLICTING INTEREST TRANSACTION UNDER PROCEDURES AND CRITERIA AS SPECIFIED UNDER APPLICABLE KENTUCKY STATUTE. TRUSTEES AND COMMITTEE MEMBERS WHO HAVE A CONFLICT OF INTEREST IN ANY MATTER MAY PARTICIPATE IN THE DISCUSSION OF THE MATTER AFTER DISCLOSING ANY CONFLICT OF INTEREST, BUT SHALL REFRAIN FROM VOTING ON THE MATTER. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE BOARD OF TRUSTEES REVIEWS AND DETERMINES THE COMPENSATION OF THE UNIVERSITY PRESIDENT USING CUPA SALARY SCALE AND OTHER RELEVANT ECONOMIC AND INDUSTRY DATA. DOCUMENTATION OF DELIBERATIONS WERE RETAINED IN THE GOVERNANCE COMMITTEE MEETINGS NOTES. PROCESS WAS LAST CONDUCTED IN JULY 2010. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b THE UNIVERSITY PRESIDENT, PROVOST AND EXECUTIVE DIRECTOR OF HUMAN RESOURCES REVIEW AND DETERMINE THE COMPENSATION OF THE OTHER OFFICERS AND KEY EMPLOYEES USING CUPA SALARY SCALES AND OTHER RELEVANT ECONOMIC AND INDUSTRY DATA. DOCUMENTATION OF DELIBERATIONS WERE RETAINED IN EACH RELEVANT MEETING'S NOTES. PROCESS WAS LAST CONDUCTED IN JULY 2010. Public Disclosure Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. Other changes in net assets or fund balances Form 990, Part XI, Line 5 TRANSFER FROM SPALDING UNIVERSITY FOUNDATION - 11308563; CHANGE IN VALUE OF SWAP - 206452; SPLIT INTERST AGREEMENTS - 37420; THE SPALDING UNIVERSITY FOUNDATION INC 845 SOUTH THIRD STREET LOUISVILLE KY 40203 262561788 SUPPORT THE EDUCATIONAL AND CHARITABLE MISSION OF THE SPALDING UNIVERSITY KY 501(C)(3) 2 SPALDING UNIVERSITY INC false true false false false false false false false false false false false false false false false true SPALDING UNIVERSITY FOUNDATION INC R 11308563 FMV